ISELIN, NJ—Meridian Capital Group LLC has negotiated $18 million in permanent financing on behalf of The Kaiserman Co. for the Meetinghouse Apartments & Townhouses, aproperty located in Boothwyn, Pa.
The 10-year loan was arranged by Meridian Capital Group’s Irwin Wenger and Jim Bologno, both vice presidents based in the company’s Iselin, N.J. office.
Located at 3131 Meetinghouse Road, the Meetinghouse Apartments & Townhouses includes 245 luxury apartment units and 122 townhomes.
“This transaction highlights Meridian’s effective approach with lenders bringing a highly favorableto the table to win out over the client’s existing relationships,” said Wenger. “As an intermediary, our value is in knowing the market and providing our client with transaction terms that they cannot get elsewhere,” he added.